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Saturday, August 6, 2011

Countries By Credit Rating

So... the US got downgraded by Standard & Poor.

Where does that leave us in relation to the rest of the world?

If you don't follow credit agency ratings regularly, the names of the ratings are likely to look a bit inflated. Every rating from the three major agencies- S&P, Moody's and Fitch- contain the letters A, B or C, often multiple times. Or at least, every rating that any country with a rating currently has.

For ease of comprehension, here, we're going to throw all those alphabet-block ratings in the garbage. We will rename them by their tier number: the best rating from a given agency will be reassigned the number 1, the second-best rating gets a 2, and so on. I figure that's something much more easily understandable. We'll also note the dividing line between "investment-grade" and "speculative-grade"; aka the junk bond line. For all three, the line happens to divide tiers 10 and 11.

As of today, here are the countries sitting on each rating. Note that not every country has ratings from all three, and some countries have no ratings at all.

In case you're wondering, one country currently matches the United States in all three ratings. That country is New Zealand.

STANDARD AND POOR'S
1- Australia, Austria, Canada, Denmark, Finland, France, Germany, Guernsey, Hong Kong, Isle of Man, Liechtenstein, Luxembourg, Netherlands, Norway, Singapore, Sweden, Switzerland, United Kingdom
2- Belgium, New Zealand, South Korea, United States
3- Abu Dhabi, Bermuda, Kuwait, Qatar, Slovenia, Spain
4- China, Japan, Saudi Arabia, Taiwan
5- Chile, Italy, Slovakia
6- Andorra, Czech Republic, Estonia, Israel, Malta, Oman, Ras Al-Khaimah, Trinidad and Tobago
7- Aruba, Botswana, Malaysia, Poland
8- Bahamas, Cyprus, Ireland, South Africa
9- Bahrain, Bulgaria, Kazakhstan, Lithuania, Mexico, Russia
10- Barbados, Brazil, Colombia, Croatia, Hungary, Iceland, India, Montserrat, Morocco, Panama, Peru, Portugal, Tunisia
----JUNK BOND LINE----
11- Azerbaijan, Indonesia, Latvia, Romania, Uruguay
12- Costa Rica, Egypt, Guatemala, Jordan, Macedonia, Montenegro, Philippines, Serbia, Turkey
13- Angola, Bangladesh, Cook Islands, El Salvador, Gabon, Mongolia, Venezuela, Vietnam
14- Albania, Bolivia, Bosnia/Herzegovina, Cambodia, Cape Verde, Dominican Republic, Georgia, Kenya, Mozambique, Nigeria, Papua New Guinea, Paraguay, Senegal, Sri Lanka, Suriname, Uganda, Ukraine, Zambia
15- Argentina, Belarus, Belize, Benin, Burkina Faso, Cameroon, Ghana, Honduras, Lenanon
16- Ecuador, Fiji, Grenada, Jamaica, Pakistan
20- Greece

MOODY'S
1- Australia, Austria, Canada, Denmark, Finland, France, Germany, Isle of Man, Luxembourg, Netherlands, New Zealand, Norway, Singapore, Sweden, Switzerland, United Kingdom, United States
2- Belgium, Hong Kong
3- Bermuda, Italy, Japan, Kuwait, Qatar, Slovenia, Spain, United Arab Emirates
4- Cayman Islands, Chile, China, Macao, Saudi Arabia, Taiwan
5- Czech Republic, Estonia, Israel, Malta, Oman, Slovakia, South Korea
6- Botswana, Poland
7- Bahamas, Malaysia, South Africa
8- Bahrain, Cyprus, Lithuania, Mexico, Russia, Thailand, Trinidad and Tobago
9- Brazil, Bulgaria, Kazakhstan, Mauritius
10- Barbados, Colombia, Costa Rica, Croatia, Hungary, Iceland, India, Latvia, Panama, Peru, Romania, Tunisia
----JUNK BOND LINE----
11- Azerbaijan, Guatemala, Indonesia, Ireland, Morocco, Uruguay
12- Armenia, El Salvador, Jordan, Philippines, Portugal, Turkey
13- Angola, Bangladesh, Egypt, Georgia, Montenegro
14- Albania, Bolivia, Dominican Republic, Fiji, Lebanon, Mongolia, Papua New Guinea, Paraguay, Senegal, Sri Lanka, St. Vincent and the Grenadines, Suriname, Vietnam
15- Bosnia/Herzegovina, Cambodia, Honduras, Ukraine, Venezuela
16- Argentina, Belarus, Belize, Jamaica, Moldova, Nicaragua, Pakistan
17- Cuba
18- Ecuador
20- Greece

FITCH
1- Australia, Austria, Bermuda, Canada, Denmark, Finland, France, Germany, Luxembourg, Netherlands, New Zealand, Norway, Singapore, Sweden, Switzerland, United Kingdom, United States
2- Belgium, Hong Kong, Spain
3- Abu Dhabi, Kuwait, Slovenia, South Korea
4- Chile, China, Italy, Japan, Saudi Arabia
5- Czech Republic, Estonia, Israel, Malta, Slovakia
6- Malaysia, Poland, Ras Al-Khaimah, San Marino, South Africa
7- Cyprus, Thailand
8- Bahrain, Iceland, Ireland, Lithuania, Mexico
9- Aruba, Brazil, Bulgaria, Croatia, Hungary, Kazakhstan, Latvia, Morocco, Namibia, Peru, Russia, Tunisia
10- Azerbaijan, Colombia, India, Panama, Portugal, Romania
----JUNK BOND LINE----
11- Costa Rica, Egypt, Guatemala, Indonesia, Macedonia, Philippines, Turkey, Uruguay
12- El Salvador, Lesotho, Nigeria
13- Angola, Armenia, Cape Verde, Gabon, Kenya, Serbia, Sri Lanka
14- Bolivia, Georgia, Ghana, Mongolia, Mozambique, Seychelles, Suriname, Venezuela, Vietnam, Zambia
15- Argentina, Benin, Dominican Republic, Lebanon, Rwanda, Uganda, Ukraine
16- Cameroon, Ecuador, Jamaica
17- Greece

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